Professional Edition

I’ll be taking a short break from publication this weekend. There were be no Professional Edition posts Friday to Monday. Free content posts will be posted Friday morning, Saturday and/or early Sunday and Monday. I’ll be back at my desk on Tuesday morning when a regular publication schedule will resume.

Monthly Archives

Economics

The actual unmanipulated data on weekly first time unemployment claims paints a picture of a US economy that is in a bubble that is boiling over, driven by the massive central bank money printing campaigns and ZIRP. The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 313,000. The…

Lee Adler goes behind the paper curtain of Wall Street propaganda to ferret out the really important facts and show you what they mean to the market outlook. Subscribers may click here to open or right click to download this…

If the mainstream media would just stop the silly nonsense of using seasonally adjusted (SA) abstract impressionistic data and then trying to explain it away, reality would be obvious. The headlines today said that existing home sales were down and then the Wall Street Jourbull tried to explain that away as a seasonal adjustment problem. Correctomundo!…

The actual unmanipulated data on weekly first time unemployment claims paints a picture of a US economy that is in a bubble that is boiling over, driven by the massive central bank money printing campaigns and ZIRP. The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 283,000. The…

Today’s RFWS was absolutely outstanding. (I’m glad I actually watched this one rather than just listening while running.) When it comes to financial journalism, Lee, you remain an island of sanity in a huge sea of crap. Thanks.

Here we go again. The mainstream media is grossly misreporting another factoid in the daily sideshow of economic reports that ultimately have nothing to do with stock prices. But everybody hangs on them and many traders trade the releases, so it’s important to get a handle on the misinformation spewed by the Wall Street Journal,…

I was haranguing a Wall Street Journal reporter the other day for the way he reported an economic data release. So, what else is new? In this case the data in question was the JOLTs report, and as usual, I had a different take than all of the mainstream media reports. The WSJ’s Josh Zumbrun…

The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 304,000. The Wall Street conomist consensus guess was 285,000. Rather than playing the expectations game, our interest is in the actual, unmanipulated data. Analyzing that is the only way to be sure that you are seeing what’s really going on. The…

Lee Adler talks about just how bad Greek default and exit from the Euro might be for US, why the news about the US deficit growing is wrong, what’s important about 2% on the 10 year, and what macro liquidity…

US businesses want to hire millions of workers. The only problem is that those businesses don’t want to pay those workers enough to entice them off their parents’ sofas. So the jobs listings grow, and mainstream media clowns like Joe (@TheStaleWort) Weisenthal go crazy over the numbers. This Bloomberg cartoon shows how far US financial “journalism” has…